Further to the recent announcement, the parties have reached an agreement in principle pursuant to a non-binding letter of intent, and the parties have commenced the process of the detailed documentation of the final agreements to close the transaction as soon as possible.
This process includes finalizing the Share Purchase Agreement and Shareholders Agreement and will also include required filings with competition authorities in multiple jurisdictions.
The joint ambition is to achieve this goal within year end, subject to the successful completion of all necessary steps.
About Marubeni
Marubeni is an integrated trading and investment conglomerate with headquarters in Tokyo, Japan. The company has roots going back to 1858 and is one of the largest trading companies in the world.
Marubeni is listed on the Tokyo Stock Exchange.
Learn more: http://www.marubeni.com